Posted on 02/07/2019 3:29:09 PM PST by Roman_War_Criminal
According to Eater, after nine years of being in business, Panera Bread's socialist pay-what-you-want restaurant, Panera Cares, will officially be closing shop on February 15 due to the business model's unsustainability.
While Panera Cares billed itself as a "non-profit" restaurant designed to feed low-income people, the business model was anything but. Rather than create a charitable organization that distributes food to needy families or a discount outlet or even a $1 menu (like every other fast-food restaurant), Panera tried to create a socialist system in which meals were offered at a suggested donation price. That means some people would pay more while others would pay less based on what they felt like or could afford. By not simply offering food at a low price (hat-tip, Dollar Tree), Panera completely removed any incentive for patrons to meet even the lowest standards of consumer/retailer exchange. The result: some people paid their fair share while others enjoyed a "free lunch."
Upon opening the first Panera Cares in 2010, the company founder Ron Shaich said the cafe was designed as a quasi-test on human sensibility to raise awareness about food insecurity. "In many ways, this whole experiment is ultimately a test of humanity," Shaich said in a TEDx talk. "Would people pay for it? Would people come in and value it?"
(Excerpt) Read more at dailywire.com ...
It didn’t work because Joy Behar wasn’t in charge.
Cue the sad trombone.
Wah, wah, waaaah!
CC
Just one word: DUH.
I almost wish that one had opened nearby.
...but then again, I don’t think I could bring myself to basically be dishonest.
The mobs all wore MAGA hats! NY Slimes/CNN reports(/S)
In a free and rational modern division of labor society. profits are the means and motive of production and economic progress which is necessary for increases in mass prosperity
Always and everywhere because it denies and dehumanizes mankind. Its adoption could easily lead to the start of Dark Ages 2.0.
That experiment could provide some valuable data for economists.
Proving once again socialism only works on paper; never in real life real world situations.
And they thought people would pay a fair price out of the goodness of their hearts?
Yeah, right.....
They overestimate the inherent goodness of man.
You routinely see financially self sustaining families eating at homeless shelters during the holidays like Thanksgiving, then brag about it.
The world is full of parasites that think the givers are just suckers.
I almost wish that one had opened nearby.
...but then again, I don’t think I could bring myself to basically be dishonest.
—
That’s why you’re a conservative. You look at consequences and deal in transactions with your neighbors.
Those who push socialism the hardest are those who think they are more deserving the others and those with the mind of a thief. The mind of a looter. They don’t care what it took to produce that meal or item in the store.
surprised took 8 years to fail
Also that any company could not see that experiment would fail
What a shocker.
reality, Panera
Panera, reality
I almost wish that one had opened nearby
"We're all one big family, they told us, we're all in this together."
Ayn Rand, Atlas Shrugged, Part II ("Either-Or"), Chapter X ("The Sign of the Dollar"), page 661.
It proves sucker’s get it every time.
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